Nok Airlines Public Company Ltd (NOKPF)

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NOKPF Stock Soaring on Travel Resumption Announcement

Recent announcements around the reopening of the island of Phuket, a popular international tourist destination, have taken investors in NOKPF stock on a nice ride today. It appears investors are pricing in a resurgence of tourism to this hot tourist destination.

According to recent reports, Thailand regulators have mandated that 70% of locals be vaccinated to avoid quarantine requirements for tourists. With 74% of the local population vaccinated, it appears reopening is in full swing. Visitors are now able to roam the island free, following a negative Covid-19 test within 24 hours upon arrival.

As tourism comes back to normal globally, investors will begin looking at reopening plays such as Nok Airlines. Indeed, this stock provides investors with high leverage to the global travel reopening trade. Accordingly, expectations are that NOKPF stock could see some positive momentum in the near-term.